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Sep 28, 2012
09/12
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KICU
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government ministry faces an average 9% budget cuts and public worker salaries will be frozen. convince creditors that it will continue to reduce an $81 billion deficit. spain may soon seek health from the yur neen central bank. >>> u.s. economic news, first-time unemployment benefits dropped. it's the lowest level we've seen in nine weeks and a sign hiring may be picking up. four-week average new jobs fell to 174,000. the market a double dose of economic news. the dow jones industrial climbed 72 points. nasdaq added 42 points. >>> first step into e-commerce, the new service called gift. memo park company launched gift with select vendors today. new users will be able to click on ipod and send a friend a gift card, chocolates or other real-life presents. it'll also remind you about events such as birthdays or weddings. >>> a week-long celebration will culminate in san francisco tomorrow night. david stevenson tells us how thousands of cyclists are set to take over the streets. >> critical mass cyclists are rolling in san francisco from around the country and around the world to
government ministry faces an average 9% budget cuts and public worker salaries will be frozen. convince creditors that it will continue to reduce an $81 billion deficit. spain may soon seek health from the yur neen central bank. >>> u.s. economic news, first-time unemployment benefits dropped. it's the lowest level we've seen in nine weeks and a sign hiring may be picking up. four-week average new jobs fell to 174,000. the market a double dose of economic news. the dow jones industrial...
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Sep 25, 2012
09/12
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CNBC
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. >> corporate governance is by far the biggest risks in china. we've seen stories in the small micro cap side. largely the bigger companies have avoided some of the stig ma -- stigma attached, but it's a risk. there's no way you can fully know what's going on. >> but isn't that absurd as a fund manager to say i don't know what they could do? with all due respect, that seems like a huge risk to take. >> i think if you are willing to take -- like you said, it's a little bit of a value play. there's a discount in the name, in my opinion, for the potential growth. you'll see the largest internet market in the world. so i think the opportunity is such that you take the -- you do the due diligence you can, but you know that in the end, just like enron or world com, there could be an example of something out there that you never really have firm control of. we've met with management as many times as you can. we feel comfortable with the company. but it is china. >> e-bay, is that a market part of the business or the pay pub part of the business? >> the
. >> corporate governance is by far the biggest risks in china. we've seen stories in the small micro cap side. largely the bigger companies have avoided some of the stig ma -- stigma attached, but it's a risk. there's no way you can fully know what's going on. >> but isn't that absurd as a fund manager to say i don't know what they could do? with all due respect, that seems like a huge risk to take. >> i think if you are willing to take -- like you said, it's a little bit of...
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Sep 29, 2012
09/12
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WRC
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it will be the latest in a series of demonstrations against the spanish government for imposing severe spending cuts and tax hikes. this protest took place on wednesday. spain is the eurozone's fourth largest economy, but struggling to recover from the deep recession gripping europe. >>> james clap per, says the attack on the u.s. consulate in benghazi was, quote, a deliberate and organized terrorist attack. four people were killed in the september 11th assault including ambassador christopher stevens. clapper's assessment comes after the obama administration was criticized for standing by its original assessment that the attack was a spontaneous response to an anti-muslim film. >>> score one for the record folks. homer bailey of the cincinnati reds pitched a no-hitter last night against the pirates in pittsburgh. the score was 1-0. bailey struck out ten and walked only one, the seventh no-hitter in the major leagues this season and the first for the reds in 24 years. congratulations to homer bailey who you know with that name just had to grow up to become a major leaguer. >>> it's ine
it will be the latest in a series of demonstrations against the spanish government for imposing severe spending cuts and tax hikes. this protest took place on wednesday. spain is the eurozone's fourth largest economy, but struggling to recover from the deep recession gripping europe. >>> james clap per, says the attack on the u.s. consulate in benghazi was, quote, a deliberate and organized terrorist attack. four people were killed in the september 11th assault including ambassador...
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Sep 25, 2012
09/12
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CNBC
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they need help from other government entities. other government entities are literally on strike. they're not coming in. so the fed is involved, but the expectations are so high that the fed is not going to be able to deliver on economic outcomes. >> how does that play out? what does that mean won't be able to deliver economic outcomes? >> it means we'll see them engage more and more. yes, we've seen qe-1, qe-2. we will see even more with the hope that at some point the fed would have ended up providing a bridge for other entities. if they don't, the investment theme is going to go from betting on the fed liquidity to positioning for the collateral damage that the fed will create. >> are you expecting a sizable decline in this market in the next couple of months, and how do you invest around that if you are? >> a lot will depend as to whether the tail winds come back in. the reason why the market has done so well is that the risk of a recession in the u.s., the risk of recession in europe has been removed by the central banks. that's why the markets have done so well and rightly s
they need help from other government entities. other government entities are literally on strike. they're not coming in. so the fed is involved, but the expectations are so high that the fed is not going to be able to deliver on economic outcomes. >> how does that play out? what does that mean won't be able to deliver economic outcomes? >> it means we'll see them engage more and more. yes, we've seen qe-1, qe-2. we will see even more with the hope that at some point the fed would...
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Oct 3, 2012
10/12
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KTVU
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government officials held a new round of talks with foreign lenders. officials need to clinch a deal before meeting up with eurozone ministers next week. all greek citizens have been displaying their frustrations with severe cuts in salaries, pensions and benefits. european leaders still question whether the austerity measures will actually happen. there was some shine to auto sales in september. the big three u.s. automakers - ford, chrysler and gm - reported mixed but mostly upbeat sales in september on tuesday. chrysler was on top with a 12% uptick in september sales. sales came from new models, low interest rates and the improving u.s. economy. the car manufacturer reported sales of 142,000 vehicles, led by the dodge avenger midsize sedan. gm had a 1.5% increase, but truck sales fell 7.6%. ford sales slipped .1%. toyota sales in the u.s. rose over 40%. there's more trouble in the air for american airlines. tuesday, a boeing 777 flying from chicago to london made two emergency landings, one in canada because of a medical emergency and other in irela
government officials held a new round of talks with foreign lenders. officials need to clinch a deal before meeting up with eurozone ministers next week. all greek citizens have been displaying their frustrations with severe cuts in salaries, pensions and benefits. european leaders still question whether the austerity measures will actually happen. there was some shine to auto sales in september. the big three u.s. automakers - ford, chrysler and gm - reported mixed but mostly upbeat sales in...
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Sep 27, 2012
09/12
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FBC
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i first asked about different kinds of government strategies where government works best with this, here' here is what senator mccain had to say. >> you're picking winners and losers, and obvious in the case of solyndra and many others, we have picked losers. but there are so many technologies that have been developed is gps, the internet, but that is a research and development area handed over from the private sector. that is where the debate takes place. liz: so overall instead of going into very young industries and say here, let's help this country over that one, it is helping the idea? >> research and development. one of the reasons most of us have supported research and development was whatever area or sector of our economy is it has proven to be incredibly beneficial. many national laboratories have produced incredible new technologies in defense and non-defense. you have a mature technology and you say they deserve a million dollars, that is not the role of government in my view providing tax breaks and incentives but to give them money, that is not the right answer. liz: the adm
i first asked about different kinds of government strategies where government works best with this, here' here is what senator mccain had to say. >> you're picking winners and losers, and obvious in the case of solyndra and many others, we have picked losers. but there are so many technologies that have been developed is gps, the internet, but that is a research and development area handed over from the private sector. that is where the debate takes place. liz: so overall instead of going...
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Sep 27, 2012
09/12
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KRCB
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today, the spanish government presented its new budget, which includes $51 billion in spending cuts. the government also plans to borrow nearly $4 billion from the country's pension reserves to cover liabilities. what's clear is the euro-zone's crisis isn't going away soon. >> it's probably going to be another six, 12, 18 months before its finally resolved. and by "resolved," i mean they consolidate into some kind of fiscal coalition, and maybe there's some kind of debt mutualization and what have you. so, we are still quite a ways away from that. >> reporter: at today's event, monti was asked whether he thinks greece will eventually leave the e.u. he said no, but didn't discount the possibility entirely. >> i believe that were it to happen, it would be damage to the whole system. >> reporter: monti said he won't run for re-election, but he didn't completely close the door on another term. he was appointed prime minister by the italian president, and says if the president wants to reappoint him, he would consider serving another term. erika miller, nbr, new york. >> tom: this week, w
today, the spanish government presented its new budget, which includes $51 billion in spending cuts. the government also plans to borrow nearly $4 billion from the country's pension reserves to cover liabilities. what's clear is the euro-zone's crisis isn't going away soon. >> it's probably going to be another six, 12, 18 months before its finally resolved. and by "resolved," i mean they consolidate into some kind of fiscal coalition, and maybe there's some kind of debt...
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Sep 26, 2012
09/12
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CNBC
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governments push these companies to give them the data. you know, give up some information on people. so it's very scary. i always say, if you don't want it on the cover of "the wall street journal," don't do it and don't say it. >> words to live by. we'll take a break and come back with a recap on the day. >> after the bell, don't miss my one on one interview with billionaire oil man boone pickens. we'll talk about when oil prices will hit bottom and more. you're watching the "closing bell" on cnbc, first in business worldwide. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. save 50% on banners. l
governments push these companies to give them the data. you know, give up some information on people. so it's very scary. i always say, if you don't want it on the cover of "the wall street journal," don't do it and don't say it. >> words to live by. we'll take a break and come back with a recap on the day. >> after the bell, don't miss my one on one interview with billionaire oil man boone pickens. we'll talk about when oil prices will hit bottom and more. you're watching...
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Oct 2, 2012
10/12
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KTVU
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workers are protesting the government's austerity measures. government officials submitted a draft of the 2013 budget yesterday that calls for a new wave of deep cuts which will save $10 billion next year. workers will protest proposed cuts to salaries, pensions and other benefits. last week, 50,000 people in athens demonstrated against austerity. wages in china are going up - by some estimates, about 17% a year. it is providing china's growing middle class with more money to buy goods, though inflation is not helping. but it may also drive up the cost of making some of those products there, as well. in our cover story, who gains as china's employee base moves up? despite china's present economic slowdown, the story of its workforce recently has been of migration from farm to factory. 25 million made the move in 1990. last year, that figure grew to 158 million. it has increased china's productivity and competitiveness. but lately, that workforce is demanding more. "they increasingly learn that there's a big gap in what they earn and some other
workers are protesting the government's austerity measures. government officials submitted a draft of the 2013 budget yesterday that calls for a new wave of deep cuts which will save $10 billion next year. workers will protest proposed cuts to salaries, pensions and other benefits. last week, 50,000 people in athens demonstrated against austerity. wages in china are going up - by some estimates, about 17% a year. it is providing china's growing middle class with more money to buy goods, though...
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Sep 28, 2012
09/12
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FBC
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we only have stimulus from the fed and not directly from the government. i think it may be tenuous, but they will hold on and keep on going. >> i think they are on vacation. we do not have to worry about it for a week. liz: [laughter] we do not have to worry much want this power is done. take do so much for joining us, gentlemen. have a good weekend. fifty-five minutes until the close. surprisingly, september has been a decent month for the bulls. presidential election in november. michael church has about a half billion in assets under management. would you be worried or willfully excited about stocks? >> i think your last guest used the word setback. i think that is probably ready appropriate. we came in with analyst expectations around 3%. we have come full circle at this point. we are running negative 3%. there has clearly been some economic data -- disturbing is probably a good word. the durable goods number we have not seen levels since 2007. i think there may be some rocky water here. coming into the year and. as an asset class, i think equities loo
we only have stimulus from the fed and not directly from the government. i think it may be tenuous, but they will hold on and keep on going. >> i think they are on vacation. we do not have to worry about it for a week. liz: [laughter] we do not have to worry much want this power is done. take do so much for joining us, gentlemen. have a good weekend. fifty-five minutes until the close. surprisingly, september has been a decent month for the bulls. presidential election in november....
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Sep 27, 2012
09/12
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CNNW
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the government is still saying 64% of government budget will be spent on social issues and social spending. we're not exactly rolling up the carpet and going home. the problem is, as spain enters its third year of recession, the people in the country are saying it's not enough, suzanne. what we're now looking for is whether or not spain has done enough to introduce austerity that the europeans will be happy with. but at the same time, that some form of economic growth going forward. >> any reaction from the people in the streets? we've seen protests erupted on tuesday. this is not good news. do we expect there's going to be more violence? >> well, you know, one hesitates to ever say what the mob on the street will ever d i haven't heard what's happening in barcelona or other cities where there's been major disturbances. what you need to focus on now is yes, the streets and the people because that's a driving force of what the government will decide. but the government is between a rock and the pro verbal. it's got to keep the people reasonably happy -- let me rephrase that. at las dramatic
the government is still saying 64% of government budget will be spent on social issues and social spending. we're not exactly rolling up the carpet and going home. the problem is, as spain enters its third year of recession, the people in the country are saying it's not enough, suzanne. what we're now looking for is whether or not spain has done enough to introduce austerity that the europeans will be happy with. but at the same time, that some form of economic growth going forward. >>...
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unable to govern ourselves. unable to govern ourselves. tracy: your company tried to instill them. >> we continue to work with epa and others to work with issues that come out with rules that is difficult for the industry to meet. the timetables, the retirement of coal-fired generations in this country are dpdificult to o from the timing perspective. and that will happen after the election. tracy: you are at this commit for where ceo policymakers are discussing big ississus. crony capitalism and corporate governance and they feel the need to step in because corporate governance is being ignored and crony capitalism exists. >> clearly incumbent on us to let the corporations continissuo produce jobs in this country. from a government standpoint ssusommon-sense regulations and common sense approaches and legislation that makes sense. for two parties to come together and produce an environment where business can proper -- tracy: energy security is something you are talking about. the obama administration has done ev
unable to govern ourselves. unable to govern ourselves. tracy: your company tried to instill them. >> we continue to work with epa and others to work with issues that come out with rules that is difficult for the industry to meet. the timetables, the retirement of coal-fired generations in this country are dpdificult to o from the timing perspective. and that will happen after the election. tracy: you are at this commit for where ceo policymakers are discussing big ississus. crony...
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Sep 26, 2012
09/12
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CNBC
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another round of cuts of government spending which will mean lower salaries, pensions that could be affected as well. a lot of the details haven't come out, but they kind of know the story already. this is athens. once again, molotov cocktails as we have seen in the past. tear gas being used by the police to disperse the protesters. a lot of back and forth. that lasted just a couple of hours. it was smaller than we've seen in the past. but once again, two capitals in europe erupting in the last two days, today, in fact over austerity measures being imposed as they try to balance their budgets. >> michelle caruso-cabrera, thank you for that update. beakers, i'm going to you. the worse things get, the more likely it will be that spain actually seeks a bailout, right? borrowing costs have to remain high. 32 basis points rose in spanish bond yields. isn't that a good thing at the end of the day? >> yes. it's hard to say that social unrest is a good thing. but in terms of the markets, this pushes spain a lot closer to that bailout that everybody's been looking for. and you actually have a couple
another round of cuts of government spending which will mean lower salaries, pensions that could be affected as well. a lot of the details haven't come out, but they kind of know the story already. this is athens. once again, molotov cocktails as we have seen in the past. tear gas being used by the police to disperse the protesters. a lot of back and forth. that lasted just a couple of hours. it was smaller than we've seen in the past. but once again, two capitals in europe erupting in the last...
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Sep 26, 2012
09/12
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FOXNEWS
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that translates to some 600 billion in tax hikes and government spending cuts. due to take effect in the next year. >> i want to grow and invest in the community. i am holding things back because of the uncertainty. >> survey of the national association of neverrers and the independent business revealed 55% say federal regulation, tax, government spending and the cost of health insurance have hurt the economy and their businesses. >> small businesses are on the sidelines. not inclined to invest now until they see what is going to happen between now and the end of the year. >> experts say it's about risk and reward. business owners won't gamble their money when they don't know what the government might impose. >> if we don't maintain the current tax rate, what this means is we'll have to pull back. because it hurts our budget. that means start hiring. >> speaker boehner noted that the house passed a bill for sequestration and would like to extend tax cut for a year to allow time to work on comprehensive tax reform. before leaving washington, senate majority leade
that translates to some 600 billion in tax hikes and government spending cuts. due to take effect in the next year. >> i want to grow and invest in the community. i am holding things back because of the uncertainty. >> survey of the national association of neverrers and the independent business revealed 55% say federal regulation, tax, government spending and the cost of health insurance have hurt the economy and their businesses. >> small businesses are on the sidelines. not...
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Sep 27, 2012
09/12
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WRC
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we've shared what we've learned with governments and across the industry so we can all produce energy more safely. i want you to know, there's another commitment bp takes just as seriously: our commitment to america. bp supports nearly two-hundred-fifty thousand jobs in communities across the country. we hired three thousand people just last year. bp invests more in america than in any other country. in fact, over the last five years, no other energy company has invested more in the us than bp. we're working to fuel america for generations to come. today, our commitment to the gulf, and to america, has never been stronger. if you think occasional irregulathink twice.ig deal, it may be a sign that your digestive system could be working better. listen to this. with occasional irregularity, things your body doesn't use could be lingering in your system, causing discomfort. but activia has been shown in clinical studies to help with slow intestinal transit when consumed 3 times per day. 7 out of 10 doctors recommend activia. and the great taste is recommended by me! ♪ activia i don't ha
we've shared what we've learned with governments and across the industry so we can all produce energy more safely. i want you to know, there's another commitment bp takes just as seriously: our commitment to america. bp supports nearly two-hundred-fifty thousand jobs in communities across the country. we hired three thousand people just last year. bp invests more in america than in any other country. in fact, over the last five years, no other energy company has invested more in the us than bp....
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Sep 26, 2012
09/12
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CNBC
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long dated government bonds are being bought big time. the ten-year yield has now fallen eight straight sessions. last time that happened was in january of 2008. it smells a bit of fear. here's what's going on. stocks are telling a different story. stocks and bonds generally go in different directions. but the blue line is the s&p 500. we have been up, down, up again. the light green -- yellow, seahawks green, whatever you want to call it -- is the price of the ten-year fretreasury not. at the start of the year the two were going in opposite directions as we usually see. we had flare-ups. they started to converge, come back. we did what we normally do, diverged again. look at the far right, they are coming back together. people get scared, sell stocks and buy bonds. is that what's going on here? let's get rick santelli's take on it. rick? >> i think you nailed it. i think there is a bit of a water balloon metaphor or analogy to this as well. the federal reserve has a giant water balloon and they are trying to manage it. that represents al
long dated government bonds are being bought big time. the ten-year yield has now fallen eight straight sessions. last time that happened was in january of 2008. it smells a bit of fear. here's what's going on. stocks are telling a different story. stocks and bonds generally go in different directions. but the blue line is the s&p 500. we have been up, down, up again. the light green -- yellow, seahawks green, whatever you want to call it -- is the price of the ten-year fretreasury not. at...
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what we're talki about is what they call officially time, this is time spent by government workers, government union workers working on union issues and not actually doing their worjob. >> 70% of the time they spend on general labor management issues it is not handling grievances or negotiatin a contract. a lot of it has to do with politics, nobody is watching these guys. three-quarter of the time they spend on general labor issues. we found homeland security 62 people do nothing but work on union business full-time. lot of others who work 75%. we don't even know what they'ree doing on the union issues because only 23% in grievances and negotiations. ashley: what impact are they having on the economy? >> do you have an hour? two hours? that is what it is all about. this is where a lot of the money is going, a cycle that is it big scam on the taxpayer. from the union to the elected officials, backed the unions, back to the elected officials, and it is amazing how the money goes. $14 billion, that is the economy of a lot of countries, that is what the union is take in a year. ashley: this is int
what we're talki about is what they call officially time, this is time spent by government workers, government union workers working on union issues and not actually doing their worjob. >> 70% of the time they spend on general labor management issues it is not handling grievances or negotiatin a contract. a lot of it has to do with politics, nobody is watching these guys. three-quarter of the time they spend on general labor issues. we found homeland security 62 people do nothing but work...
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Oct 1, 2012
10/12
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WUSA
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pelley: good evening, and we could add happy new year, because this is the first day of the federal government's new fiscal year. but there's not much to celebrate because the nation is headed toward what's being called the fiscal cliff and there are dire new warnings today about what will happen to american families unless congress and the president reach a budget deal by december 31. that is the day that a series of tax cuts will expire and big cuts in federal spend will take hold. tax experts said today 90% of american families are facing what they call unprecedented tax increases. how much? wyatt andrews is in washington tonight. wyat >> reporter: scott, according to the non-partisan tax policy center, the united states is now on the threshold of one of the largest tax increases in history-- a tax hike that could average $3,500 for every american household. without action by congress, the report says, taxes will go up next year by 20%-- $536 billion overall and will hit americans at every income level, including those living below the poverty line. for a middle-income family making $40,000 a
pelley: good evening, and we could add happy new year, because this is the first day of the federal government's new fiscal year. but there's not much to celebrate because the nation is headed toward what's being called the fiscal cliff and there are dire new warnings today about what will happen to american families unless congress and the president reach a budget deal by december 31. that is the day that a series of tax cuts will expire and big cuts in federal spend will take hold. tax...
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to even hide the fact that wall street and government co-exist under the same umbrella. fashion that we don't see in any other industry united states right because there isn't even any attempt to find somebody that doesn't have these completely cliche credentials that people have become incredulous at least average people or people that are part of the establishment so do you think that just shows a massive disconnect between these politicians and their ivory towers and other people just everyone else the people that we interview on our shows our audience us . of course and i but i think there's also hubris because i think there are so disconnected and they feel so and both the and what two thousand proved to them they proved to them that they could ultimately get away with anything yeah the system was bankrupt they had taken on so much leverage and they were able to get bailed out not just to the tarp was just an excuse to just an excuse to enable the larger. tried to make bailout from the federal reserve all right so so these guys learned that they could screw up and t
to even hide the fact that wall street and government co-exist under the same umbrella. fashion that we don't see in any other industry united states right because there isn't even any attempt to find somebody that doesn't have these completely cliche credentials that people have become incredulous at least average people or people that are part of the establishment so do you think that just shows a massive disconnect between these politicians and their ivory towers and other people just...
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lots of government workers don't want unions. we saw what happened to wisconsin the minute they were able to vote on having a union or not, 50% of them went the union hall. the good ones don't want unions because the unions will not allow them to negotiate with their employer directly, won't allow them to eve even talk to r employer. this private organization called the union fix themselves in the middle taking huge amounts of money. ashley: thank you so much for being here. get better soon. work on the voice, apparently sounds like a frog. the president may have hollywood but mitt romney has the national football league. john elway the latest in a long line of nfl legends backing the g.o.p. candidate. not all liberals are falling in line. ben affleck having second thoughts about obama. really? with the spark cash card from capital one, sven's home security gets the most rewards of any small business credit card! how does this thinwork? oh, i like it! [ garth ] sven's sll business earns 2% casback on every purche, every day! woo-
lots of government workers don't want unions. we saw what happened to wisconsin the minute they were able to vote on having a union or not, 50% of them went the union hall. the good ones don't want unions because the unions will not allow them to negotiate with their employer directly, won't allow them to eve even talk to r employer. this private organization called the union fix themselves in the middle taking huge amounts of money. ashley: thank you so much for being here. get better soon....
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Sep 28, 2012
09/12
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CNBC
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right now it's looking like 2 million in total nationwide, including government employees, from some reports. that number may be a bit inflated. the reports are coming from industry. we question whether or not there's a bias to those reports. >> the timing -- you're item id -- itemizing. this is before congress goes back to work to fix this crisis. is it possible notices go out when they do just to highlight what could happen as a scare tactic to get congress back to work? >> congress is already on a recess. they're on a recess all the way through the elections. actually, the government employee union has a 90-day notice policy, which would actually go out at the beginning of october. so the dates are kind of insignificant at this point. we're looking more at the nominal dollar effect, the total addressable market shrink for the defense market. it's going to be quite significant. >> i look at it the other way, actually. initially, i thought they had to tell employees by october 1st. so if it was october 1st, by the time the election came around, it would be out there. you can hide it
right now it's looking like 2 million in total nationwide, including government employees, from some reports. that number may be a bit inflated. the reports are coming from industry. we question whether or not there's a bias to those reports. >> the timing -- you're item id -- itemizing. this is before congress goes back to work to fix this crisis. is it possible notices go out when they do just to highlight what could happen as a scare tactic to get congress back to work? >>...
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Sep 28, 2012
09/12
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FOXNEWSW
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." >> have recent events in the middle east given you pause about support for the governments that have come to power following the arab spring? >> absolutely the right thing to do to align ourselves with democracy, universal rights notion that people have, have to be able to participate in their governance. but i'm, i was certain and continue to be pretty certain that there will be bumps in the road. >> that afternoon, leaves for campaign trip and fundraiser in las vegas. 6:00 p.m., fox news has intelligence sources saying the al-qaeda linked groups could be behind the attack. u.s. officials are investigating whether pro-al-qaeda group known as imprisoned rahman brigade was involved. >> coordinated military style, commando type raid that had direct fire and indirect fire. military movement involved in it. >> we weren't alone. >> david barton says it may have been a terrorist attack timed to 9/11. >> this was executed by a group either associated with or sympathizes with al-qaeda. >> roughly 9:00 p.m., president obama mentions the attack but spends most of the time campaigning in nevada
." >> have recent events in the middle east given you pause about support for the governments that have come to power following the arab spring? >> absolutely the right thing to do to align ourselves with democracy, universal rights notion that people have, have to be able to participate in their governance. but i'm, i was certain and continue to be pretty certain that there will be bumps in the road. >> that afternoon, leaves for campaign trip and fundraiser in las...
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government. it was much appreciated at the time. a long conversation about the financial system at the time that support was given, but we have systematically under the of our ceo worked our way out of that situation. the government has been fully repaid. we have re-emerged as a small but profitable company. we still have a $60 billion market cap which is nothing to sneeze at. we have the world's largest property and casualty insurance business and a very big u.s. domestic retirement and life-insurance business. we are very excited about our growth prospects. the balance sheet has been fixed, and i think we're on our way. liz: it's great to have you, once again, especially hearing about retail. how do you think the holiday season shapes up? >> better than the forecast. liz: better than the 4%. we have a little uptick in consumer confidence noted of the past couple of months. >> consumers, last year's sales were up five and a half% during the holiday. i think we will do at least that well this year. liz: arthur martinez. former chair
government. it was much appreciated at the time. a long conversation about the financial system at the time that support was given, but we have systematically under the of our ceo worked our way out of that situation. the government has been fully repaid. we have re-emerged as a small but profitable company. we still have a $60 billion market cap which is nothing to sneeze at. we have the world's largest property and casualty insurance business and a very big u.s. domestic retirement and...
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Oct 2, 2012
10/12
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WUSA
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will the spanish government have to be bailed out. >> the spanish government is taking very, very courageous measures. whether you look at bank restructuring, whether you look at structural reforms to make to make the spanish economy agile, flexible, able to capture growth, to help people create jobs. they're also taking some fiscal measures in order to reduce their deficit so all of that is hard. but it's courageous. and it needs to be supported. >> pelley: christine lagarde, managing director of the international monetary fund. late today secretary of state hillary clinton said she put together a commission to investigate the attack on the u.s. consulate in benghazi, libya. it will be led by the former head of the joint chiefs of staff, admiral mike mullen and former u.s. ambassador thomas pickerring. they will look at security and how four americans, including ambassador chris stevens, were killed in an attack on the anniversary of september 11. american airlines discovers why some of its seats came loose. u.s. soldiers are on the lookout for afghan allies who may be enemies. and why half
will the spanish government have to be bailed out. >> the spanish government is taking very, very courageous measures. whether you look at bank restructuring, whether you look at structural reforms to make to make the spanish economy agile, flexible, able to capture growth, to help people create jobs. they're also taking some fiscal measures in order to reduce their deficit so all of that is hard. but it's courageous. and it needs to be supported. >> pelley: christine lagarde,...
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Oct 2, 2012
10/12
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. >> barkeepers in prague are protesting against the government ban. they can no longer sell expensive drinks to tourists -- only beer and wine. no one is happy. >> czechs are angry, really mad. drinking spirits is a national pastime. what do you expect. >> but over 20 people have died. the government had to do something. >> everybody suffers just because a couple of people made a mistake. one person sold a bad batch of spirits, and now 10 million people have to suffer. >> the government is introducing new requirements for seals and proofs of origin. only bottles with approve labels will be allowed for sale and export, but many think moonshiner's will just take the new labels, and the new rules come too late for vladimir. doctors say he will never see again. >> spain's regions were once the symbol of democratic progress. for a long time, the regions are prospering and all was well in spain, but that changed dramatically when the financial crisis hit. now, many regions are on the verge of bankruptcy. today, the number of spaniards who can afford it beac
. >> barkeepers in prague are protesting against the government ban. they can no longer sell expensive drinks to tourists -- only beer and wine. no one is happy. >> czechs are angry, really mad. drinking spirits is a national pastime. what do you expect. >> but over 20 people have died. the government had to do something. >> everybody suffers just because a couple of people made a mistake. one person sold a bad batch of spirits, and now 10 million people have to suffer....
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Sep 25, 2012
09/12
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CNNW
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government response has frankly been confusing. u.n. ambassador susan rice has said the attacks were not preplanned. secretary clinton said she had absolutely no information or reason to believe there is any basis to suggest that the u.s. ambassador was on an al qaeda hit list as a target. the state department said u.s. officials at that post never passed along the warning from the libyan government on militias and security in benghazi. now the administration appears to be backtracking a little bit, at least on the assertion about whether the attack was preplanned or not. but the take-away right now from the administration, when you take a step back and look at this information and the conflicts in the information, appears to be this. the americans on the ground failed to tell washington about the risks, so it isn't the state department's fault that they didn't stop it. well, why so much confusion? chris coons is on the senate foreign relations committee, he has been briefed on the situation. and first, sir, thank you very much for taki
government response has frankly been confusing. u.n. ambassador susan rice has said the attacks were not preplanned. secretary clinton said she had absolutely no information or reason to believe there is any basis to suggest that the u.s. ambassador was on an al qaeda hit list as a target. the state department said u.s. officials at that post never passed along the warning from the libyan government on militias and security in benghazi. now the administration appears to be backtracking a little...
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Sep 29, 2012
09/12
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KPIX
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it will be the latest in a series of demonstrations against the spanish government for imposing severe spending cuts and tax hikes. this protest took place on wednesday. spain is the eurozone's fourth largest economy, but struggling to recover from the deep recession gripping europe. >>> james clap per, says the attack on the u.s. consulate in benghazi was, quote, a deliberate and organized terrorist attack. four people were killed in the september 11th assault including ambassador christopher stevens. clapper's assessment comes after the obama administration was criticized for standing by its original assessment that the attack was a spontaneous response to an anti-muslim film. >>> score one for the record folks. homer bailey of the cincinnati reds pitched a no-hitter last night against the pirates in pittsburgh. the score was 1-0. bailey struck out ten and walked only one, the seventh no-hitter in the major leagues this season and the first for the reds in 24 years. congratulations to homer bailey who you know with that name just had to grow up to become a major leaguer. >>> it's ine
it will be the latest in a series of demonstrations against the spanish government for imposing severe spending cuts and tax hikes. this protest took place on wednesday. spain is the eurozone's fourth largest economy, but struggling to recover from the deep recession gripping europe. >>> james clap per, says the attack on the u.s. consulate in benghazi was, quote, a deliberate and organized terrorist attack. four people were killed in the september 11th assault including ambassador...
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Sep 25, 2012
09/12
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CNBC
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it's giving the federal government an opportunity to get its house in order. very much like the integration of euro countries back in the last decade where -- >> it's josh. i'm just curious. first of all, i admire your conviction, 35% cash in the midst of a market meltup. i guess john talks about how he wants his investors to judge him over a full market cycle, understanding the fact he will trail in certain types of market environments. how do you feel about that? are you willing to forego-g a rally of this strength and breadth to ultimately be right and skate where the puck is, where you think it's going to be in 2013? >> absolutely. i've done it throughout my entire career. it's something i addressed in the commentary about that our clients and managers will be tested during this period of time. we are coming into the most critical year, i believe, in the last 80 years in 2013. and it's something i've spoken about -- >> that's a big, big statement. mike murphy? >> rob, i was in the same camp coming into qe3. i was hoping that the fed didn't do anything. i t
it's giving the federal government an opportunity to get its house in order. very much like the integration of euro countries back in the last decade where -- >> it's josh. i'm just curious. first of all, i admire your conviction, 35% cash in the midst of a market meltup. i guess john talks about how he wants his investors to judge him over a full market cycle, understanding the fact he will trail in certain types of market environments. how do you feel about that? are you willing to...
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Sep 28, 2012
09/12
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WBAL
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the government says it only does what the courts allow. >>> the producer of the anti-muslim film that infuriated muslims around the world has been arrested, not for the movie, but an alleged violation from a check fraud violation which could mean prison. >>> actor johnny lewis who appeared in the tv show sons of anarchy was found dead thursday in los angeles. he was suspected in the killing of an 81-year-old woman who may have been his landlord. lewis who once dated katy perry either fell or jumped off the roof. >>> nasa is taking a very close look at new photos from mars that show pebbles rounded off. scientists say it may be a sign that water once flowed on the red planet, possibly enough to fill a stream. >>> now here's an early look at how wall street's going to kick off the day. the dow closed at 13,485 after adding 72 points yesterday. the s&p gained 13. the nasdaq climbed 42. taking a look at overseas trading this morning, in tokyo the nikkei dropped 79 points but in hong kong the hang seng was up 78. >>> aggressive budget cutting from one of europe's troubled economies helped
the government says it only does what the courts allow. >>> the producer of the anti-muslim film that infuriated muslims around the world has been arrested, not for the movie, but an alleged violation from a check fraud violation which could mean prison. >>> actor johnny lewis who appeared in the tv show sons of anarchy was found dead thursday in los angeles. he was suspected in the killing of an 81-year-old woman who may have been his landlord. lewis who once dated katy perry...
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Sep 27, 2012
09/12
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WJLA
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china may announce stimulus measures to boost their economy while spain was a government is expected to present their budget for the next year. -- spain's government will present their budget for the next year. on top of jobs, on top of kohl's hiring push, they have created 1500 jobs in 10 states. two new stores will open in the washington area. the burden of student loan debt is getting worse. when you factor in tuition costs and raise borrowing limits, nearly one in five households have student loan debt in 2010. that is more than twice the level compared to 1989. this is according to a report from the pure research center that shows the average that was more than $27,000. more starbucks fans are looking to brew their lattes at home. that is coming up in the hour. >> 4:30 a right now and 56 degrees. >> still to come, bad news >> there has been a decision on pepco's request for a rate increase. if they had approve the entire amount, the typical customer would have to pay $5.20 more each month. instead they will pay about $2.60 more. the rate increase set to take place next month. >>
china may announce stimulus measures to boost their economy while spain was a government is expected to present their budget for the next year. -- spain's government will present their budget for the next year. on top of jobs, on top of kohl's hiring push, they have created 1500 jobs in 10 states. two new stores will open in the washington area. the burden of student loan debt is getting worse. when you factor in tuition costs and raise borrowing limits, nearly one in five households have...
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Sep 27, 2012
09/12
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WBFF
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basu: 10:20002 "the virginians have tended to emphasize cuts in taxes or state government has shrunk o - more quickly there."but mcdonnell's efforts have successfuuly turneddthh commonwealth's deficit into a surplus.("state of the commonwealth address" from the pbssnewshour youtube clip) 2:04--2::3 "byyworking together, we've eliminated 6 billion dollaas in budget shorttalls, not by raising ttxes, but reforming government and reducingg spending."(video clip with while singing virginia's d praises -- mcdonell made music with this commeecial -- (natsound of music) featuring blues music and headlines about o'malley's tax record. using maryland innaa odd way , as a whipping boy, saying look - i'm not raising taxes. here's what my state is oing" in many ways their fight - is ammrica's fight.... basu: 11:32:38 "the debate betwwen maryland and virginia with respect to the aappopriate roleeof government, the appropriate level of taxation and government spending, ii precisely the same debate that we see at the national level between barack obama and the democrats and mitt romney and the rrpub
basu: 10:20002 "the virginians have tended to emphasize cuts in taxes or state government has shrunk o - more quickly there."but mcdonnell's efforts have successfuuly turneddthh commonwealth's deficit into a surplus.("state of the commonwealth address" from the pbssnewshour youtube clip) 2:04--2::3 "byyworking together, we've eliminated 6 billion dollaas in budget shorttalls, not by raising ttxes, but reforming government and reducingg spending."(video clip with...
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Sep 26, 2012
09/12
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FBC
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moments ago the government reported a big drawdown in inventories. we are using a lot more crude and the price keeps going down. we have marked road tests overseas. grace faith -- greece faces a national strike. move on to spain. thousands of people attack parliament. the cuts will be announced tomorrow. the bad news for our stock market. ♪ [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. stuart: local is watching a winner. it is a drug maker. nicole: and the first half of 2013, do not say that we did not tell you this on the fox business network. so far the trial for a drug that is an experimental treatment is going very well. that is why you are seeing the stock up over 2%. the study will continue. they seek app
moments ago the government reported a big drawdown in inventories. we are using a lot more crude and the price keeps going down. we have marked road tests overseas. grace faith -- greece faces a national strike. move on to spain. thousands of people attack parliament. the cuts will be announced tomorrow. the bad news for our stock market. ♪ [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because...
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Sep 26, 2012
09/12
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CNBC
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government is failing us as a whole. it's the institution of government. and i mentioned self-inflicted political uncertainty. let me make a quick point. we've had three major political uncertainties not additives, but, in fact, multiplying each other and a fourth looming. the debt ceiling debate last year sent us in to a spiral. the discussion out of europe and the lack of a solution on the sovereign debt issue amplified the spiral. the chinese handover, which is not going well is causing an economic slowdown, almost freefall over there. those three things are amplifying economic events, causing business to not invest. and therefore in the united states, this looming fiscal cliff is the fourth data point that's a multiplier. you put all that together, that is a failure of politics. in essence, you know, whichever president it is and whichever congress it is, they're not working out solutions. >> that's where i was going to go. because, you know, whichever president matters a whole lot. i just want to ask your personal view. i've known you a long time. mr.
government is failing us as a whole. it's the institution of government. and i mentioned self-inflicted political uncertainty. let me make a quick point. we've had three major political uncertainties not additives, but, in fact, multiplying each other and a fourth looming. the debt ceiling debate last year sent us in to a spiral. the discussion out of europe and the lack of a solution on the sovereign debt issue amplified the spiral. the chinese handover, which is not going well is causing an...
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Sep 30, 2012
09/12
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. >>> to syria now where rebel and government forces e fighting it out block by block. opposition liters say at least 21 people were killed across the nation in fighting yesterday. that's what it looked and sounded like on the streetses o aleppo. it's just one of the cultural and civilian landmarks being destroyed in civil war. i-tv's bill sealy has more. >> reporter: in one city this would be bad enough. in three, it's a disaster, but this is now the reality in the three main cities of syria. the ragings, troops fighting rebels for control of whole districts. aleppo is syria's biggest city and business capital engulfed now in the business of war. the damage is extraordinary. the death toll incal cue label. aleppo is being destroyed to make it safe. syrian troops are on the offensive in the country's third city, homs. recapturing many areas from what they say are foreign fighters and extremist muslims. rebels they say directly armed by arab states. in one district they took, they showed us what they said was an abandoned rebel headquarters. bags with saudi arabian marki
. >>> to syria now where rebel and government forces e fighting it out block by block. opposition liters say at least 21 people were killed across the nation in fighting yesterday. that's what it looked and sounded like on the streetses o aleppo. it's just one of the cultural and civilian landmarks being destroyed in civil war. i-tv's bill sealy has more. >> reporter: in one city this would be bad enough. in three, it's a disaster, but this is now the reality in the three main...
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Sep 27, 2012
09/12
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CSPAN2
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it was the egyptian government. that's why the crowd went over the wall and put down the american flag and putted it up. it was the libyan security forces who let us down in benghazi when ambassador stevens was killed. i don't think it's appropriate to somehow blame the state department or the white house for this. and now obviously, we have to do everything we can to protect our people. as grow know president obama got on the phone with the president of egypt after the embassy was attacked and basically said you have to do a better job. there's is my paraphrasing what i read about the conversation in the newspaper. you have to did a better job and protect our embarrass sip. that's the right message. i think it's tined time for the americans to stand time. it's a tough time for the diplomats. they -- >> host: georgia is on the live eric on the line for democrats. hey. >> caller: yeah. i have two comments. thanks for taking my call. first of all, the g.o.p. often says there's a libbial media. that can't be phut from
it was the egyptian government. that's why the crowd went over the wall and put down the american flag and putted it up. it was the libyan security forces who let us down in benghazi when ambassador stevens was killed. i don't think it's appropriate to somehow blame the state department or the white house for this. and now obviously, we have to do everything we can to protect our people. as grow know president obama got on the phone with the president of egypt after the embassy was attacked and...